For HDB flats, rents were down 0.5 per cent from a month ago in November, with three, four, five-room and executive flats posting declines of 0.5 per cent, 0.1 per cent, 0.7 per cent and 2.5 per cent respectively.

Year-on-year, HDB rents in November 2015 were down by 4.1 per cent from November 2014.

But HDB rental transaction volumes marked a 6.3 per cent month-on-month uptick in November to 1,822 flats, and a 3.9 per cent rise from November last year.